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In what sounds like a James Bond movie title, all U.S. states and provincial securities agencies in Canada have started an operation against cryptocurrency scams by opened approximately 70 investigations.

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order on May 15 to stop the Wind Wide Coin scam, an entity that says it is based in Houston, from fraudulently offering investments in a cryptocurrency trading program.

Back in June of 2017, David Wood founder of the Empower Network had a drug fueled breakdown on Facebook video. In that video it looked like David had developed a God complex. Shortly after that video was made the Empower Network went bankrupt and he got help for his drug problem. Now David Wood is back selling Prosperity Consciousness and now thinks he is the Messiah Ben David, King of Israel.

A website has been setup for victims of the QNET scam: qnet.org. In less than a week, they have managed to reach out to thousands of victims who are now spreading the word and coming together on a single platform to share their grief and voice their opinion. The website also features a petition to the Govt and a major partner of QNET to put pressure on QNET.

The Economic and Financial Crimes Commission (EFCC) has arrested Maxim Lobaty, a Russian and two Nigerians: Austin Emenike and Dickson Nonso Onuchukwu in Lagos. They were arrested for their participation in the Swissgolden scam. I know it is shocking to find out that a Russian is behind a company selling "Swiss" gold.

The Slave Circle documentary exposes in great detail the techniques used by direct selling companies like Smart Circle and Cydcor/DS-MAX. These companies use offices all over the country that go by different names. These marketing companies are always hiring.

I have received multiple reports from WorldVentures representatives about not being paid their commissions or having their commissions delayed. I have taken a look into the issue and have found additional public comments about this problem. Here is what I have found.

Modern Tech claims to be the authorized agent for launching two cryptocurrency ICOs, Ifan and Pincoin. Pincoin says they are the cryptocurrency for the “sharing economy.”: Sharing is caring. iFan claims to be the “most advanced social network”.

Texas regulators are back in action. Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against a convicted felon who is offering investments in two things that usually don’t go together: a cryptocurrency trading program and a marijuana growing operation.

A federal judge finalized the $25 million settlement between Donald Trump and students of his now shutdown Trump University scam. Victims of Donald Trump’s fraudulent university will finally receive some of their money back. It is about time.

The Governor of the Central Bank of Samoa, Maiava Atalina Ainu’u-Enari, has confirmed an investigation into “One Coin” or “One Life” which uses middlemen to collect people’s money in the hope of gigantic returns.

It is a good idea to avoid any ICO endorsed by a celebrity. Centra Tech used paid endorsements from prominent celebrities such as boxer Floyd Mayweather and singer DJ Khaled. These are two of the last people you should look to for ICO investment advice.